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divorce Archives

Money in personal account may belong to spouse after divorce

Even when a couple strives to save their marriage, sometimes their efforts are simply not enough. In these situations, divorce is necessary. One of the biggest myths surrounding the dissolution of a marriage in Alabama and elsewhere is that the money in a spouse's own bank account will remain his or hers following the divorce.

Divorce does not have to be a destroyer of finances

The U.S. Centers for Disease Control and Prevention has data showing that the rate of marital split-ups has been moving downward. However, just a look around one's social circle may reveal a very different story: Split-ups are still common. A couple of tips can help with protecting one's finances following divorce in Alabama.

Paying share payments may help to protect business from divorce

A businessperson's worst fear when going through a marital split-up in Alabama is losing his or her ability to continue making money through the business in the future. After pouring their hearts and souls into their companies, businesspeople naturally want to do everything they physically can to safeguard their entities from divorce. However, giving up a portion of the business to a soon-to-be ex may be necessary if he or she took part in the company operations or gave up a career to stay home with the children.

Divorce can be impacted by dating website profile

Using dating websites and social media is an ideal way to make connections with other people, particularly following the dissolution of a marriage. However, these tools can also do damage during a divorce proceeding in Alabama. Therefore, exercising caution when using these tools, or staying off of them altogether, is critical.

Affleck and Garner getting a divorce

The celebrity couple of Ben Affleck and Jennifer Garner will soon officially be no more. The two have been separated for two years now but recently filed for divorce. The divorce process in Alabama and elsewhere can understandably be stressful emotionally and financially, but amicably working toward a settlement in the best way possible may help to make it easier to navigate.

Divorce rates on the rise for Americans age 50+

The divorce rate rises with age - or at least that's what new data suggests. The divorce rate is up among couples age 50 and older, commonly referred to as "gray divorce." While most people think of divorce and family law as involving child custody battles and visitation rights, a rising divorce rate among older Americans brings new considerations to the table.

Tax-related decisions impacted by divorce

The dissolution of a marriage in the state of Alabama is a process that brings many significant life changes. These changes may include splitting the children between two households and dividing the marital assets. However, one important yet often-overlooked change following divorce includes how taxes are filed.

Mediating divorce can be more amicable than litigation

The thought of going to trial to fight for assets when dissolving a marriage can understandably be stressful and overwhelming. However, traditional litigation is no longer unavoidable when getting divorced in the state of Alabama. Divorce mediation has made it easier for couples to work out their divorces' terms without further court intrusion.

Putting children first essential during divorce

The month of March is the top month for divorces. This means that children often have to spend the rest of their school years grappling with the idea of the split-up of their parents. It is essential during a divorce proceeding in Alabama to concentrate on putting the needs of the children first during this emotionally and financially difficult time.

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